Abstract
The annual budget of the European Untion ensures that the funding of the Community activities and operations is authorized and the resources are allocated according to current policies and priorities. In 1970, the Community budget amounted to 3.6 billion Euros and a large amount was mainly dedicated to the common agricultural policy. For the year 2001, the estimated budget for the EU activities was estimated to be 97 billion Euros, which aimed at improving sectors like agriculture, education and regional development of the member nations.
